Lucy Dean

DomaCom pushes into retirement space

Fractional property investment company DomaCom has announced plans to introduce a new equity release product to the market, provided that it gets the regulator’s tick

ECONOMY • Thu, 14 Sep 2017

Morningstar rejects ‘doomsday’ UBS report

Ratings agency Morningstar has described as “exaggerated” a report from UBS which claims that Australian banks hold $500 billion in “liar loans”.

ECONOMY • Thu, 14 Sep 2017

APRA taken to task over banks’ back book repricing

The Australian Prudential Regulation Authority has faced heavy scrutiny over lenders potentially using the crackdown on interest-only lending as a cover for back book ...

ECONOMY • Wed, 13 Sep 2017

Nearly one-third of Aussies prefer fixed rates

Demand for fixed rates is at its highest level since December 2013, with nearly one-third of borrowers opting for the repayment type, Mortgage Choice reveals.

ECONOMY • Wed, 13 Sep 2017

ASIC targets reverse mortgages as lenders ditch products

In a bid to address the issues that affect older Australians, the Australian Securities and Investments Commission will impose greater scrutiny on reverse mortgages.

LENDER • Tue, 12 Sep 2017

Foreign buyers slugged in WA budget

The Western Australian government hopes to raise $48 million in additional revenue through a 4 per cent surcharge on property purchases made by foreign buyers.

ECONOMY • Mon, 11 Sep 2017

ANZ hikes investor rates by 31bps

The major Australian bank has announced a suite of changes to its fixed residential investment loans, with some rates growing by 31 basis points.

LENDER • Mon, 11 Sep 2017

APRA probe to examine CBA corporate culture

 The Australian Prudential Regulation Authority has detailed the terms of reference for its inquiry into CBA and announced the appointment of three panel members.

LENDER • Sun, 10 Sep 2017

BEAR is ‘absolutely the right thing to do’

It “takes courage” for bank executives to allow scrutiny of practices, but it is “absolutely the right thing to do”, a financial services executive has said.

ECONOMY • Sun, 10 Sep 2017